Home Depot, the world's biggest home improvement chain, reported a 9 percent rise in quarterly sales on Tuesday, saying that inconsistent weather drove demand across the board.
Home Depot shares were down about 2.5 percent. (Get the latest quote here.)
The stock slide is likely the result of management noting on Home Depot's conference call that comparable store sales decelerated from February to April, said Chris Horvers, retail analyst at JPMorgan.
For the full quarter, global same-store sales rose 6.5 percent, while U.S. comps increased up 7.4 percent.
Horvers said that growth for a company of Home Depot's size was "outstanding," but investors are jittery following a rough earnings quarter for retail.
"We think the stock pulls back here, but ultimately the business is going to re-accelerate and the stock will accelerate," he told CNBC's "Squawk on the Street."